Thrivent Financial for Lutherans Takes $810,000 Position in Amerant Bancorp Inc. $AMTB

Thrivent Financial for Lutherans purchased a new stake in Amerant Bancorp Inc. (NASDAQ:AMTB) in the third quarter, HoldingsChannel reports. The firm purchased 42,036 shares of the company’s stock, valued at approximately $810,000.

Several other large investors have also recently bought and sold shares of AMTB. Geode Capital Management LLC boosted its position in Amerant Bancorp by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 855,740 shares of the company’s stock valued at $15,602,000 after buying an additional 2,929 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Amerant Bancorp by 3.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 550,683 shares of the company’s stock valued at $10,039,000 after acquiring an additional 16,943 shares during the last quarter. Endeavour Capital Advisors Inc. increased its position in Amerant Bancorp by 6.5% in the second quarter. Endeavour Capital Advisors Inc. now owns 391,671 shares of the company’s stock worth $7,140,000 after purchasing an additional 23,827 shares during the period. Peregrine Capital Management LLC increased its position in Amerant Bancorp by 9.3% in the second quarter. Peregrine Capital Management LLC now owns 246,297 shares of the company’s stock worth $4,490,000 after purchasing an additional 20,954 shares during the period. Finally, CSM Advisors LLC bought a new stake in Amerant Bancorp during the 2nd quarter worth about $3,898,000. Institutional investors and hedge funds own 42.11% of the company’s stock.

Insider Buying and Selling

In related news, Director Odilon Almeida acquired 4,816 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average cost of $20.99 per share, for a total transaction of $101,087.84. Following the completion of the acquisition, the director directly owned 5,316 shares in the company, valued at approximately $111,582.84. The trade was a 963.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.37% of the company’s stock.

Amerant Bancorp Price Performance

Amerant Bancorp stock opened at $22.46 on Monday. The firm has a market capitalization of $926.83 million, a P/E ratio of -39.40 and a beta of 1.02. The business has a 50-day moving average of $20.92 and a 200-day moving average of $19.78. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 1.18. Amerant Bancorp Inc. has a 1 year low of $15.62 and a 1 year high of $24.30.

Amerant Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, February 13th. Amerant Bancorp’s dividend payout ratio (DPR) is 28.80%.

Analyst Ratings Changes

AMTB has been the topic of several recent research reports. Raymond James Financial raised their target price on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Piper Sandler increased their price objective on shares of Amerant Bancorp from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Amerant Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Amerant Bancorp Company Profile

Amerant Bancorp is the bank holding company for Amerant Bank, a full‐service community bank headquartered in Coral Gables, Florida. Through its banking subsidiary, Amerant Bank, the company offers a broad range of commercial and consumer banking solutions designed to serve both individual customers and small‐ to medium‐sized businesses. Its core activities include deposit gathering, lending, and cash management services.

The firm’s product lineup encompasses traditional checking and savings accounts, mortgage and commercial real estate loans, construction financing, and equipment lending.